Africa News Concrete works of Midtown Villa in Egypt's New Administrative...

Concrete works of Midtown Villa in Egypt’s New Administrative Capital completed

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Better Home, the first real estate developer in the New Administrative Capital (NAC), announced the completion of the concrete works of Midtown Villa project within only six months. The company also aims to complete all external finishings of the project in the coming period, according to Ashraf Adel, the company’s general manager.

During a journalists’ tour in the project on Tuesday, Adel pointed out that the Midtown Villa was the first project to obtain a ministerial approval in the NAC, explaining that the project’s built up area is only 20% of project area comprising of 390 villas with spaces ranging between 350 and 500 sqm.

He elaborated that the project was sold out within one month since its launch, noting that the achievement by the project on the ground is in line with the unprecedented achievements that are taking place in the NAC, which confirms the keenness of the state regarding the success of this giant national project.

Additionally, he noted that the current great demand by real estate developers to seize an investment opportunity in the NAC emphasises the success of the company’s vision, which relies on the use of experience in the construction of new cities.

He explained, “The company believes in the importance of the feasibility of investing in this giant urban project, which will bring a great civilizational transition to Egypt by creating many opportunities for housing and providing a smart life that keeps pace with continuous technological progress.”

Midtown Villa spans over 60 feddan close to exhibition grounds, AlMasa Capital, Central Garden, Cathedral and Green River, where it is designed with the latest engineering designs.

The general manager disclosed that the company intends to expand in the NAC with more residential and commercial projects in the coming period to be announced soon.

The company has recently launched Midtown Sky, stretching over 122 feddan in R7, and includes standalone villas, twin houses, townhouses, apartments, as well as commercial units, where prices start from EGP 1m, Adel pointed out, noting that 50% of the units of the project are apartments of different sizes starts from 90 sqm, and 50% are villas.

Additionally, the company owns the Midtown Solo project on 66 feddan in R7, comprising of standalone villas with various spaces and prices. In addition, Midtown Condo, which is the third project for the Better Home Group in the NAC, and spans over 60 feddan in R7, close to embassies district in the NAC, encompasses apartments only.

© 2019 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

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